> For the complete documentation index, see [llms.txt](https://city-protocol.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://city-protocol.gitbook.io/docs/cit-token/token-utility.md).

# Token utility

What $CIT is used for, and what the token does not provide.

<table><thead><tr><th width="168.96875">Utility</th><th width="583.6328125">What it provides</th></tr></thead><tbody><tr><td>Governance</td><td>Proposals and token-weighted votes on protocol parameters, fee structures and the product roadmap</td></tr><tr><td>Interface fee discount</td><td>A discount on Venzo interface fees for holders, with no effect on any product's yield, NAV or returns. Venzo does not charge an interface fee today; this utility goes live when the interface fee is introduced, which is targeted for a future date to be determined.</td></tr><tr><td>Service payments</td><td>Issuers, partners and other token holders can pay for eligible services across the stack, such as Vault as a Service and Tokenization as a Service fees, in $CIT at a partial discount</td></tr><tr><td>Ecosystem incentives</td><td>Ecosystem grants, liquidity programmes, rewards for new users and growth campaigns. Rewards are distributed solely on ecosystem participation.</td></tr></tbody></table>

## What $CIT does not provide

$CIT is a utility and governance token. Holding or using $CIT provides none of the following rights or protections.

* **Ownership or control:** $CIT confers no share, equity, membership or other ownership interest in Primary Creative Limited or any affiliate, and no right to take part in their management.
* **A claim on product assets:** $CIT gives no claim on, and no decision rights over, the assets held in any Curated Vault, OTP account or other City Protocol-powered product.
* **Revenue, profit or income:** Holders have no entitlement to protocol revenue, fees, profits, dividends, interest or any other distribution.
* **Redemption or repurchase:** No party undertakes to redeem, repurchase, buy back or burn $CIT using protocol revenue, or to support its market price or liquidity. Governance cannot direct protocol revenue, fees or treasury assets to $CIT holders or to buybacks or burns, and no reserve of assets backs the token.
* **A guaranteed return:** $CIT confers no guaranteed return.
* **Investor protection:** $CIT is not covered by any investor compensation scheme or deposit guarantee scheme.

Every Curated Vault and OTP accepts eligible participants on the same terms whether or not they hold $CIT.
Utility	What it provides
Governance	Proposals and token-weighted votes on protocol parameters, fee structures and the product roadmap
Interface fee discount	A discount on Venzo interface fees for holders, with no effect on any product's yield, NAV or returns. Venzo does not charge an interface fee today; this utility goes live when the interface fee is introduced, which is targeted for a future date to be determined.
Service payments	Issuers, partners and other token holders can pay for eligible services across the stack, such as Vault as a Service and Tokenization as a Service fees, in $CIT at a partial discount
Ecosystem incentives	Ecosystem grants, liquidity programmes, rewards for new users and growth campaigns. Rewards are distributed solely on ecosystem participation.